Spreading the truth. Empowering the people.
“The high household debt load is the most important risk facing the financial system”: Bank of Canada Governor Poloz, another central banker that bemoans the effects of this handiwork. By Wolf … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Paying the University-Corporate-Financial Complex and the big bifurcation. Student-loan balances jumped by 5.1% in the third quarter compared to Q3 last year, or by $80 billion, … Read more
Hollywood’s New Self-Censorship Mess in China. “From Mulan actress Crystal Liu to the Lakers’ LeBron James, most top stars are taking no chances and are lining up to either side with … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This, despite still ultra-low interest rates and the highest disposable income ever. Canadian households are known around the world for their uncanny ability to pile on … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It’s a tough job, but someone’s doing it. Consumer debt – or consumer “credit” more euphemistically – includes auto loans, student loans, credit-card debt, and personal … Read more
Mary Greeley News – A fierce struggle over automation has erupted at the Port of Los Angeles, as local union officials representing some 12,000 dockworkers demand that one of the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And where do Chinese consumers fit in? Americans are infamous for their eagerness to spend money they don’t have. A whole industry has grown up around … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Consumers are doing their job only in a lackadaisical manner. But the student-loan scheme is hot. It’s a tough job, but someone’s got to do it: … Read more
via theguardian: The company has won plaudits for its admission of forced labour in the Thai seafood industry but much of the supply chain remains hidden It’s hard to think of … Read more
Children are being trafficked from Vietnam and other countries to perform slave labour on hundreds of cannabis farms across London, experts have warned. New figures released on Monday expose the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Let the good times roll. Total consumer credit – or less soothingly, consumer debt – rose 4.8% in the second quarter from a year earlier, or … Read more
Authored by John Mauldin via MauldinEconomics.com, Rather go to bed without dinner than to rise in debt. – Benjamin Franklin What can be added to the happiness of a man … Read more
by John Rubino Today’s Wall Street Journal is profiling an orthodontist who has $1 million in student loans, is paying less than the interest that’s accruing, and because of this will … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter I’m shedding a different light on consumer debt. This type of chart is trotted out constantly these days to show that American households are in fabulous … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Total consumer credit rose 5.1% in the first quarter, compared to a year earlier, or by $184 billion, to $3.824 trillion (not seasonally adjusted), according to … Read more
#The MSM is committing “Treason” against the USA they are the modern day “Tokyo Rose” using “Propaganda” against the President and the USA. GB